Get Rich Education · Real Estate Investing with Keith Weinhold

"Tariffs Will Create Empty Shelves and Economic Disaster" -Father of Reaganomics, David Stockman Joins Us

·54 min·4 clips

David Stockman predicts Trump's tariffs will cause empty shelves and price gouging by fall.

Here we go: tariffs meet arithmetic. Keith Weinhold frames the episode around what tariffs would mean for the listener, instead of treating it like a tidy policy argument happening somewhere else. David Stockman goes straight at Trump. He says pushing China tariffs to 145 percent is not some minor negotiating poke, especially when average tariffs had been around 4 percent before. Then Weinhold and Stockman bring it down to the counter. A standard microwave lands in the United States at $100. Add the tariff and the landed cost becomes $245. That is where the theory gets ugly. Stockman says importers and retail buyers are not likely to assume customers will shrug and pay that much more. They may just freeze orders. Amazon sellers, Walmart buyers, Target buyers, and other retailers could wait to see whether the policy changes again. That is when shelves become the story. Stockman says almost all small appliances, and about 80 percent overall, are sourced in China, so a big disruption across the Pacific can turn from a spreadsheet issue into a warehouse issue quickly. If orders or product flow drop by 20, 30, 40, or 50 percent, the supply chain does not politely refill itself on time. Six or seven months is enough time for today's pause to become tomorrow's missing inventory. Weinhold keeps the setup practical: tough talk matters less than whether the math works when products, ports, and buyers all have to respond. Stockman calls the negotiating story baloney and says Trump has no idea what he is doing. It lands because he has already walked through the dollars. The episode closes with GRE business, as Keith points listeners to his free newsletter and real estate video course in the same quick, useful rhythm.

As heard by us

Tariffs and supply chain strain drive Stockman's six-month warning.

Keith Weinhold opens with tariffs, and David Stockman does the math without drama: a 145% China tariff turns a $100 microwave into a $245 landed cost.

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Why you'd press play

See how a 145% tariff can push a $100 microwave toward $245 and squeeze shelves later.

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